Bullish pin bar reversing the trend into an upward direction, T1 :$13.26 T2:$14 entry once the trend is confirmed by the candle after the bullish pin. Make sure to have stop loss set!
aud in uptrend, broken out of pattern,going to retest before hitting up again
target purple line, fib.
entry .74240
stop .74185
target .75231
trading 30 min chart.
target is a fib from a couple of years a go.
could go higher, playing this level first before re-evaluating
looking for breakout on silver over next few days.
red fib lines, yellow is measured move targets
purple line is stop
buy 23.51
stop 22.801
t1-24.809
t2 -26.582
t3 - 27.834
very simple
2 yellowlines are fibs, target 1 and 2.
i have held this as a loosing position for 3 months, t 1 will see me in some profit, t 2 will be nice.
my stop was not hit.
position size 220 @5x lev
2.77
S/l 1.75................missed it by a micky hair
intention was to compound in once in profit.
volatile stock.
playing in stemcell and also covid.
has a bit of a following, potentially could moon.
divergance now showing, the yellow lines are all fib targets.
could be a long shot, Fundamentals are also good.
Shifting sideways , looking for small consolodation perid, then break to upside.
sitting on .318 fib, next logical up is to .682 fib, 2 targets before to lock in and secure money.
if it falls next lower level is -.682 fb.
Narrowing triangle respecting top resistance all the way , has not broken through lower support, on top of .382 fib, target 1 .618 fib, top of 30 day vwma, 20 and 50 day ma underneath , bollinger bands widening and sitting on top of MA, recent TK cross, Just under kumo, (secret indicator also says long)
Big impulsive move down, red band is a strong point...
just an idea.
tight into wedge, under 30 vwma, just under cloud, still on top of MA, bolligerbands tightening up.
my thoughts is a short ro the lower red line of support taken from a candle chart ( order block ?? )
love some feedback
